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(Incorporated in Bermuda with limited liability)
(Stock Code: 1114)The board of directors (the "Board") of Brilliance China Automotive Holdings Limited (the "Company") announces the consolidated financial results of the Company and its subsidiaries (collectively referred to as the "Group") for the year ended 31st December, 2015 as follows:
CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31st December (Expressed in thousands of RMB except for earnings per share amounts) | |||
Note | 2015 RMB'000 | 2014 RMB'000 | |
Revenue | 3 | 4,862,855 | 5,514,804 |
Cost of sales | (4,654,908) | (4,952,332) | |
Gross profit | 207,947 | 562,472 | |
Other income | 81,383 | 104,203 | |
Interest income | 80,627 | 53,607 | |
Selling expenses | (546,843) | (585,192) | |
General and administrative expenses | (394,248) | (401,564) | |
Finance costs Share of results of: Joint ventures | (146,889) 3,822,934 | (156,313) 5,536,777 | |
Associates | 219,887 | 228,892 | |
Profit before income tax expense | 4 | 3,324,798 | 5,342,882 |
Income tax expense | 5 | (44,529) | (42,913) |
Profit for the year | 3,280,269 | 5,299,969 | |
* For identification purposes only |
For the year ended 31st December
(Expressed in thousands of RMB except for earnings per share amounts)
Note | 2015 RMB'000 | 2014 RMB'000 | |
Attributable to: | |||
Equity holders of the Company | 3,494,733 | 5,403,434 | |
Non-controlling interests | (214,464) | (103,465) | |
3,280,269 | 5,299,969 | ||
Earnings per share | 6 | ||
- Basic | RMB0.69536 | RMB1.07515 | |
- Diluted | RMB0.69258 | RMB1.07082 | |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
For the year ended 31st December | |||
2015 | 2014 | ||
RMB'000 | RMB'000 | ||
Profit for the year | 3,280,269 | 5,299,969 | |
Other comprehensive income (expense) that will be subsequently reclassified to statement of profit or loss, net of tax | |||
Change in fair value of available-for-sale financial assets | 25,361 | 12,308 | |
Share of other comprehensive income of a joint venture | (103,055) | (1,062,536) |
Equity holders of the Company | 3,417,039 | 4,353,206 |
Non-controlling interests | (214,464) | (103,465) |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31st December | |||
Note | 2015 RMB'000 | 2014 RMB'000 | |
Non-current assets | |||
Intangible assets | 1,423,193 | 995,780 | |
Property, plant and equipment | 2,042,114 | 1,960,155 | |
Land lease prepayments | 86,847 | 59,595 | |
Interests in joint ventures | 14,011,488 | 11,290,550 | |
Interests in associates | 1,577,712 | 1,473,546 | |
Prepayments for long-term investments | 600,000 | 1,040,000 | |
Available-for-sale financial assets | 57,349 | 31,988 | |
Long-term loan receivables | 85,417 | - | |
Other non-current assets | 13,170 | 10,522 | |
Total non-current assets | 19,897,290 | 16,862,136 | |
Current assets Cash and cash equivalents | 1,070,876 | 1,178,583 | |
Short-term bank deposits | 676,013 | 146,127 | |
Pledged short-term bank deposits | 1,325,528 | 1,201,122 | |
Inventories | 1,211,004 | 796,584 | |
Accounts receivable | 7 | 1,444,708 | 1,194,130 |
Notes receivable | 312,486 | 769,674 | |
Other current assets | 1,134,369 | 1,058,573 | |
Total current assets | 7,174,984 | 6,344,793 | |
Current liabilities Accounts payable | 8 | 3,038,018 | 2,963,353 |
Notes payable | 2,157,010 | 1,858,010 | |
Other current liabilities | 1,074,225 | 916,176 | |
Short-term bank borrowings | 1,585,000 | 1,365,000 | |
Income tax payable | 17,632 | 31,454 | |
Total current liabilities | 7,871,885 | 7,133,993 | |
Net current liabilities | (696,901) | (789,200) | |
Total assets less current liabilities | 19,200,389 | 16,072,936 | |
Non-current liabilities Deferred government grants | 136,708 | 119,003 | |
NET ASSETS | 19,063,681 | 15,953,933 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Continued) As at 31st December | ||
2015 RMB'000 | 2014 RMB'000 | |
Capital and reserves | ||
Share capital | 395,877 | 395,877 |
Reserves | 19,499,668 | 16,535,456 |
Total equity attributable to equity holders of the Company | 19,895,545 | 16,931,333 |
Non-controlling interests | (831,864) | (977,400) |
TOTAL EQUITY | 19,063,681 | 15,953,933 |
Brilliance China Automotive Holdings Ltd. issued this content on 24 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 March 2016 09:02:15 UTC
Original Document: http://www.brillianceauto.com/investor/announcements/2016_announcements/e_Ann_20160324_eng.pdf